The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Leggett & Platt, Inc shares valued at $46,957 were purchased by BURNS BENJAMIN MICHAEL on Jun 06 ’24. At $12.20 per share, BURNS BENJAMIN MICHAEL acquired 3,850 shares. The insider’s holdings grew to 81,362 shares worth approximately $0.99 million following the completion of this transaction.
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Also, Padmanabhan Srikanth purchased 10,000 shares, netting a total of over 120,649 in proceeds. Following the buying of shares at $12.06 each, the insider now holds 38,623 shares.
Before that, DAVIS JENNIFER JOY had added 1,985 shares to its account. In a trade valued at $24,812, the EVP – GENERAL COUNSEL bought Leggett & Platt, Inc shares for $12.50 each. Upon closing the transaction, the insider’s holdings increased to 1,985 shares, worth approximately $0.52 million.
As published in a research note from Piper Sandler on October 30, 2024, Leggett & Platt, Inc [LEG] has been rated up from an Underweight to a Neutral and the price target has been revised to $13 from $11. Analysts at Goldman downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in mid April. As of December 12, 2022, Piper Sandler has decreased its “Neutral” rating to a “an Underweight” for LEG. Earlier on May 04, 2022, Raymond James downgraded its rating. Their new recommendation was “a Mkt perform” for LEG stock which previously was a “an Outperform”.
Analyzing LEG Stock Performance
During the last five days, there has been a surge of approximately 0.74%. Over the course of the year, Leggett & Platt, Inc shares have dropped approximately -53.31%. Shares of the company reached a 52-week high of $26.84 on 01/02/24 and a 52-week low of $10.11 on 05/29/24. A 50-day SMA is recorded $12.75, while a 200-day SMA reached $14.94. Nevertheless, trading volume fell to 1.93 million shares from 1.14 million shares the previous day.
Support And Resistance Levels for Leggett & Platt, Inc (LEG)
According to the 24-hour chart, there is a support level at 11.74, which, if violated, would cause prices to drop to 11.26. In the upper region, resistance lies at 12.80. The next price resistance is at 13.38. RSI (Relative Strength Index) is 43.66 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.10, which suggests the price will decrease in the coming days. Percent R is at 73.30%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
